If i have refinanced my first mortgage are there limitations to a refinance on my 2nd mortgage?

That depends primarily on value... assuming your going back to the same lender, 2nd lien positions will usually not want you to refinance since most carry adjustable rates, and there would be no benefit.. assuming your 2nd is fixed, there might be a better loan product available to you.. and with FHA, you can combine both your first and 2nd into one loan so long as your loan to value is not above 97.75%. You will pay mortgage insurance, which can be expensive, but it's possible you could still have a over all lower payment depending on your combined rate of the first and 2nd .. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Shouldn't be as long as you have 5-10 equity in the house in addition to the mortgages. Biggest challenge with 2nd mortgages is most lenders will not allow your 1st + 2nd mortgages to be more than 90% of the current appraised value of the home. There might be a few that will go to 95 but I haven't run across any recently. Credit unions are usually the most flexible. Good luck!

Usually, the total of the two loans can not exceed 90% of the current appraised value.

Try Contacting Key Bank. They have been doing great things with 2nd mortgages and Home Equity Loans to 95% Combine Loan To Value

You can refinance your 1st and 2nd in to a single lien , there are Loan to Value limitation, Conventional programs:if your current loan is <417k, you can take you new loan to 95% LTV, while a >$417K you can do a 90% LTV.FHA : you can go up to 97.75% LTVVA: you can do 100% emarez@thefederalsavingsbank.com